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Marie Lalanne (SAFE Research Center, Goethe University of Frankfurt) “Social Networks and Job Referrals in Recruitment”

June 24, 12:15 pm

Time: 12:15pm – 13:30 pm
Date: 24th of June 2019 Exceptionally on Monday

Place: Room 3001

Marie Lalanne (SAFE Research Center, Goethe University of Frankfurt) “Social Networks and Job Referrals in Recruitment

Abstract : This paper investigates whether using recommendations for recruitment can help reduce information asymmetries in the labor market. I use data on all the board directors of large listed US companies between 2004 and 2008. This is linked with extensive information on their social networks and detailed information on the referrals underpinning new independent board appointments. First, I provide some new empirical facts from this novel data combination. Sharing a professional tie with a current board member increases the chances of getting a recommendation for the board seat by 15%. Secondly, I use the predictions of a theoretical model to discriminate between information provision and bias in the use of referrals for recruitment. Referrals help select directors with higher ability, in particular the type of ability that is partially observed at the time of hiring.

Organizers:

Laurent DAVEZIES (Laboratoire de Microéconométrie-CREST)

Benoît SCHMUTZ (Laboratoire de Microéconométrie-CREST)

Arne UHLENDORFF (Laboratoire de Microéconométrie-CREST)

Details

Date:
June 24
Time:
12:15 pm
Event Categories:
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Organizers

Arne UHLENDORFF
Laurent DAVEZIES
Benoit SCHMUTZ